THE MOTORPAGES.COM Awarded PHH Multi-Million Dollar Auction
27 April 2000
Autoco.com, Inc./THE MOTORPAGES.COM Awarded PHH (an Avis Company) Multi-Million Dollar Equipment AuctionMINNEAPOLIS, April 27 The Motorpages.com (Autoco.com, Inc.) (OTC Bulletin Board: AOOO) (http://www.themotorpages.com) today announced that its subsidiary, GTA Auctions and Liquidations Inc. has finalized a multi-million dollar contract with PHH (an Avis Company) to auction heavy equipment, trucks, buses and other vehicles valued at approximately $4 million. "We believe the PHH equipment auction coupled with the pipeline auction has the potential to be the largest in Nova Scotia," explained TheMotorPages.com CEO, Max Wandinger. "This new alliance with PHH, will significantly increase the value of the auction and will draw a larger and more diversified audience." The contract with PHH, in addition to the auction contract to sell all new and used excess equipment and related products from the recently completed mainline Gold Boro, Nova Scotia/Maine pipeline further establishes the Company's position in auction markets across North America. A preliminary list of these new products will be available to be viewed on the new web site developed by The Motorpages.com at http://www.pipelineauction.com. GTA Auctions and Liquidations Inc. has firmly established itself as the largest public auto auction company in Ontario, Canada. With established contracts with the City of Toronto, Nova Scotia/Maine pipeline contract and PHH, GTA anticipates operating results for its current fiscal year to exceed previous projections. The Motorpages.com, (Autoco.com, Inc., http://www.themotorpages.com) is focused on providing innovative Internet solutions to the automotive industry's emerging requirements for online vehicle sales, auctions, services and parts through a network of strategically positioned subsidiaries. For more information or to request a detailed Investor Package, please contact Investor Relations at 800-733-7317. Note: Any statements released by autoco.com that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission. Disclaimer: This transmission was intended only for the party or parties to whom it was directed. If you have received the transmission in error or by other means, it must be destroyed and by no means circulated, copied or otherwise duplicated without the expressed permission of its author(s). Nothing in the contents transmitted should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information contained herein.